China approved a new law allowing the country to ban exports to protect national security. (WSJ)
Auto makers are coping with battery-related fires leading to vehicle recalls and safety probes that raise challenges to selling electric cars. (WSJ)
The former chief executive of Uber Technologies has been quietly assembling a mini real-estate empire, buying closed restaurants, auto-body shops and warehouses for use in his new ghost kitchen venture. (WSJ)
ConocoPhillips is buying Permian Basin shale driller Concho Resources for $9.7 billion. (WSJ)
Tesla will start exporting China-made versions of its Model 3 sedan to Europe. (Reuters)
Alan S. Boyd, the first U.S. secretary of Transportation, has died at 98. (New York Times)
Retailer Nordstrom is hiring 22,000 workers for fulfillment and distribution centers and expanding online order pickup sites. (Retail Dive)
CVS wants to immediately hire 15,000 employees to prepare for an expected rise in Covid-19 and flu cases this fall and winter. (CNBC)
Container lessors project demand for the shipping equipment to outweigh supply beyond the Chinese New Year in the first quarter. (ShippingWatch)
Chinese tanker operators expect the market for crude carriers to remain sluggish for another two years. (Lloyd’s List)
Zim struck a deal to allow merchants on Alibaba’s e-commerce platform to buy ocean freight transport directly from the container line. (Seatrade Maritime)
Hong Kong’s Cathay Pacific Airways expects to operate less than half of its pre-pandemic passenger-plane schedule next year. (Straits Times)
US Food Holdings named former Target executive Bill Hancock chief supply chain officer. (Progressive Grocer)
The Transportation Intermediaries Association named rail industry veteran Ann Reinke as head of the freight broker group. (DC Velocity)
|